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Great Southern Bancorp (GSBC)
NASDAQ:GSBC
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Great Southern Bancorp
(NASDAQ:GSBC)
Rating:71Outperform
Price Target:
$63.00
▲( 12.48% Upside)
Great Southern Bancorp (GSBC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$642.32M
Dividend Yield2.86%
Average Volume (3M)29.65K
Price to Earnings (P/E)10.0
Beta (1Y)0.72
Revenue Growth7.98%
EPS Growth10.16%
CountryUS
Employees882
SectorFinancial
Sector Strength83
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.47
Shares Outstanding11,467,920
10 Day Avg. Volume24,937
30 Day Avg. Volume29,648
Financial Highlights & Ratios
PEG Ratio1.61
Price to Book (P/B)1.08
Price to Sales (P/S)0.00
P/FCF Ratio15.26
Enterprise Value/Market Cap1.85
Enterprise Value/Revenue1.22
Enterprise Value/Gross Profit4.24
Enterprise Value/Ebitda5.44
Forecast
1Y Price Target
$59.50Price Target Upside6.23% Upside
Rating ConsensusHold
Number of Analyst Covering2
Great Southern Bancorp Business Overview & Revenue Model
Company DescriptionGreat Southern Bancorp, Inc. operates as a bank holding company for Great Southern Bank that offers a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts. The company's loan portfolio comprises residential and commercial real estate loans, construction loans, commercial business loans, home improvement loans, and unsecured consumer loans, as well as secured consumer loans, including automobile loans, boat loans, home equity loans, loans secured by savings deposits. It also provides insurance and merchant banking services. As of December 31, 2021, the company operated 93 retail banking centers and approximately 200 automated teller machines in Missouri, Iowa, Minnesota, Kansas, Nebraska, and Arkansas; and six commercial and one mortgage loan production offices in Atlanta, Chicago, Dallas, Denver, Omaha, Nebraska, Phoenix and Tulsa, Oklahoma, Springfield, and Missouri. Great Southern Bancorp, Inc. was founded in 1923 and is headquartered in Springfield, Missouri.
How the Company Makes MoneyGreat Southern Bancorp generates revenue primarily through the traditional banking model of accepting deposits and providing loans. The company earns interest income from the loans it extends to customers, such as residential and commercial real estate loans, consumer loans, and business loans. Additionally, GSBC earns non-interest income through service charges, fees for various banking services, and wealth management services. The company also invests in securities to generate additional income. Key factors contributing to its earnings include the interest rate environment, the quality of its loan portfolio, and its ability to attract and retain customer deposits. Furthermore, Great Southern Bancorp benefits from partnerships with financial service providers to offer a comprehensive suite of financial products to its clients.
Great Southern Bancorp Financial Statement Overview
Summary
Great Southern Bancorp has a stable financial profile with strong equity and manageable leverage. Revenue growth has been inconsistent, and recent data is missing, which hinders a complete analysis. Cash flow generation remains strong, supporting operational activities.Income Statement
The income statement shows moderate performance with a stable net profit margin, but a decline in revenue growth. Gross profit margin is unavailable due to missing revenue data for 2024. Previously, EBIT and EBITDA margins were positive, indicating efficient cost management.65
Positive
Balance Sheet
The balance sheet is strong with a low debt-to-equity ratio and a healthy equity ratio. The company has maintained a good return on equity over the years. The equity base has been growing, providing a stable financial foundation.72
Positive
Cash Flow
Cash flow analysis is limited due to missing data for 2024. Historically, free cash flow growth has been erratic, but operating cash flow has generally exceeded net income, indicating good cash generation from operations.60
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 520.00 | 226.37M | 233.75M | 216.24M | 212.19M | Gross Profit |
| 219.71M | 226.37M | 225.49M | 216.24M | 206.00M | EBIT |
| 75.50M | 85.34M | 130.47M | 94.36M | 73.09M | EBITDA |
| 0.00 | 94.66M | 103.88M | 105.50M | 85.17M | Net Income Common Stockholders |
| 61.81M | 67.80M | 75.95M | 74.63M | 59.31M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 816.24M | 776.38M | 659.11M | 1.22B | 978.66M | Total Assets |
| 5.53B | 5.81B | 5.68B | 5.45B | 5.53B | Total Debt |
| 101.90M | 101.96M | 189.64M | 101.60M | 175.69M | Net Debt |
| -93.86M | -109.37M | 21.12M | -615.67M | -388.04M | Total Liabilities |
| 5.38B | 5.24B | 5.15B | 4.83B | 4.90B | Stockholders Equity |
| 599.57M | 571.83M | 533.09M | 616.75M | 629.74M |
| Cash Flow | Free Cash Flow | |||
| 39.14M | 73.40M | 46.47M | 79.24M | 37.70M | Operating Cash Flow |
| 41.06M | 80.70M | 66.58M | 84.98M | 46.05M | Investing Cash Flow |
| -172.39M | -88.21M | -801.28M | 190.71M | -131.35M | Financing Cash Flow |
| 115.75M | 50.32M | 185.95M | -122.15M | 428.87M |
Great Southern Bancorp Technical Analysis
Negative
56.01
Price Trends
55.48
Positive
56.96
Negative
57.73
Negative
Market Momentum
0.57
Positive
46.80
Neutral
13.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSBC, the sentiment is Negative. The current price of 56.01 is below the 20-day moving average (MA) of 57.01, above the 50-day MA of 55.48, and below the 200-day MA of 57.73, indicating a neutral trend. The MACD of 0.57 indicates Positive momentum. The RSI at 46.80 is Neutral, neither overbought nor oversold. The STOCH value of 13.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GSBC.
Great Southern Bancorp Risk Analysis
Great Southern Bancorp disclosed 34 risk factors in its most recent earnings report. Great Southern Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 2 New Risks
1.
The Company is subject to significant risk if, in the future, it chooses to convert its core or other operating systems and may encounter significant adverse developments. Q4, 2024
2.
Our current and future uses of Artificial Intelligence (AI) and other emerging technologies may create additional risks. Q4, 2024
Great Southern Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $651.47M | 10.00 | 15.04% | 3.12% | 5.59% | 7.03% | |
72 Outperform | $664.59M | 12.51 | 8.24% | 4.27% | 18.13% | 4.86% | |
71 Outperform | $642.32M | 10.01 | 11.13% | 2.86% | 7.98% | 10.16% | |
70 Neutral | $648.23M | 14.28 | 6.06% | 4.35% | 9.68% | 90.70% | |
64 Neutral | $12.64B | 9.78 | 7.67% | 17015.08% | 12.23% | -6.02% | |
55 Neutral | $626.31M | 14.25 | 6.26% | ― | 22.18% | 277.02% | |
55 Neutral | $530.69M | ― | -3.60% | 4.46% | 1.68% | -159.14% |
* Financial Sector Average
Performance Comparison
GSBC
Great Southern Bancorp
56.01
6.04
12.09%
CAC
Camden National
39.32
8.50
27.58%
EGBN
Eagle Bancorp
17.47
0.36
2.10%
HBNC
Horizon Bancorp
14.70
3.22
28.05%
IBCP
Independent Bank
31.44
7.13
29.33%
NBBK
NB Bancorp, Inc.
16.78
1.64
10.83%
Great Southern Bancorp Earnings Call Summary
Earnings Call Date:Apr 16, 2025
(Q1-2025)
| % Change Since: 7.50%|
Next Earnings Date:Jul 16, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with significant growth in net income, net interest income, and an improved efficiency ratio. Credit quality and capital position are stable and strong. However, challenges include flat loan portfolio growth and a decrease in noninterest income, with economic uncertainty posing a potential risk.Q1-2025 Updates
Positive Updates
Strong Net Income Growth
Net income increased to $17.2 million or $1.47 per diluted common share, up from $13.4 million or $1.13 per share in the same quarter a year ago.
Increase in Net Interest Income
Net interest income totaled $49.3 million in the first quarter of 2025, an increase of about 10% from $44.8 million in the first quarter of 2024.
Improved Net Interest Margin
Net interest margin increased to 3.57%, 25 basis points higher than the year-ago quarter.
Stability in Credit Quality
Non-performing assets remain minimal, and net charge-offs were negligible with a negative provision for credit losses recorded.
Increase in Deposits
Deposits increased 3.3% from the end of 2024 to $4.76 billion, with effective management of deposit costs.
Favorable Efficiency Ratio
Efficiency ratio improved to 62.27% from 66.68% in the first quarter of 2024, reflecting disciplined cost control.
Strong Capital Position
Total shareholder equity increased to $613 million, representing 10.2% of total assets.
Negative Updates
Flat Loan Portfolio Growth
Loan portfolio remained essentially flat with only a 2.2% increase from the end of the first quarter of 2024.
Decrease in Noninterest Income
Noninterest income for the quarter totaled $6.6 million, a decrease of $216,000 or 3.2% compared to the first quarter last year.
Economic and Market Uncertainty
Ongoing economic and market uncertainty could impact operations despite a strong balance sheet.
Company Guidance
During the first quarter of 2025 earnings call for Great Southern Bancorp, the company provided several key metrics and insights into their financial performance. The company reported a net income of $17.2 million or $1.47 per diluted common share, up from $13.4 million or $1.13 per share in the same quarter the previous year. This improvement was driven by higher net interest income, which totaled $49.3 million, reflecting stronger loan and investment yields and lower funding costs. The net interest margin increased to 3.57%, up 25 basis points from the previous year. The loan portfolio remained stable at $4.76 billion, with a 2.2% increase from the prior year, and the deposit base grew by 3.3% to $4.76 billion. The company also maintained a strong credit quality, with non-performing assets at minimal levels and net charge-offs at $56,000, down from $83,000 the previous year. Operating expenses were kept in check, with non-interest expenses at $34.8 million, reflecting a disciplined approach to cost management. The efficiency ratio improved to 62.27% from 66.68%. Overall, Great Southern Bancorp emphasized a focus on maintaining a stable financial foundation, managing credit risk, and delivering long-term shareholder value.Great Southern Bancorp Corporate Events
Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
Great Southern Bancorp Holds 2025 Annual Stockholders Meeting
Neutral
May 13, 2025
On May 7, 2025, Great Southern Bancorp, Inc. held its 2025 Annual Meeting of Stockholders where a quorum was present. The meeting resulted in the election of three directors for a three-year term, approval of executive compensation, and ratification of Forvis Mazars, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. These decisions reflect the company’s ongoing governance and operational strategies, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (GSBC) stock is a Hold with a $61.00 price target. To see the full list of analyst forecasts on Great Southern Bancorp stock, see the GSBC Stock Forecast page.
Stock BuybackFinancial Disclosures
Great Southern Bancorp Reports Strong Q1 2025 Results
Positive
Apr 17, 2025
Great Southern Bancorp, Inc. reported strong financial results for the first quarter of 2025, with earnings per diluted common share increasing to $1.47 from $1.13 in the same period last year. The company’s net income rose to $17.2 million, driven by a 10.1% increase in net interest income, supported by higher loan yields and disciplined expense management. Despite economic pressures, the company maintained robust asset quality and liquidity, with a tangible common equity ratio of 10.1% and significant available borrowing capacity. The board approved a new stock repurchase program, underscoring the company’s commitment to returning value to shareholders.
Business Operations and Strategy
Great Southern Bancorp Releases New Presentation Material
Neutral
Apr 16, 2025
Great Southern Bancorp, Inc. provided presentation material related to its operations as the holding company for Great Southern Bank. The release does not include specific details about events or forward-looking statements, focusing instead on the presentation material itself.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.